India’s electronic goods exports registered a growth of 49 per cent at $11.0 billion in April-December 2021 compared to $7.4 billion during the same period in 2020 as informed by the Ministry of Commerce & Industry.
According to the official reports, the top five export destinations in April-November 2021 are – the USA (18 per cent), UAE (16.6 per cent), China (7.6 per cent), Netherlands (4.5 per cent) and Germany (4.2 per cent). Meanwhile, the electronic goods exports in December 2021 touched $1.67 billion, registering a growth of 33.99 per cent, over $1.25 billion logged-in December 2020. The overall electronic goods exports FY21 were $11.11 billion.
The Ministry further said, “With $11.0 billion exports achieved in the first three-quarters of FY22, the sector is set to break all-time record highs, far exceeding the previous high of $11.7 billion recorded in FY 20.”
The electronic goods sector includes IT hardware (laptops, tablets), consumer electronics (TV and audio), industrial electronics, auto electronics, electronic components, LED lighting, wearables and hearables, and Telecom equipment among others. Mobile Phones constitute a major chunk of India’s electronics goods exports.
